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ECONOMIC REVIVAL IN THE HIGH MIDDLE AGES OBJ: To trace the growth of trade & commerce by identifying circumstances favorable to economic changes.

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Presentation on theme: "ECONOMIC REVIVAL IN THE HIGH MIDDLE AGES OBJ: To trace the growth of trade & commerce by identifying circumstances favorable to economic changes."— Presentation transcript:

1 ECONOMIC REVIVAL IN THE HIGH MIDDLE AGES OBJ: To trace the growth of trade & commerce by identifying circumstances favorable to economic changes.

2 TOWNS WERE CENTRAL TO EUROPEAN RECOVERY AFTER THE 10 TH CENTURY CATHEDRALS, MONASTERIES CRUSADES – PISA, GENOA, VENICE RELATIVE PEACE & STABILITY OLD ROMAN ARMY CAMPS ARTISANS & MERCHANTS DONT FIT INTO FEUDAL SYSTEM COMMON CHARACTERISTICS: WALLED, MARKET PLACE, MINT TO COIN MONEY, COURT DESIRE FOR INDEPENDENCE

3 MOVING AWAY FROM MEDIEVAL STRUCTURE PERSONAL FREEDOM PEOPLE + OPPORTUNITY= MEDIEVAL TOWNS TRADE BRINGS MONEY TO AREA CONTROLLED BY LORD, ABBOT SO IN THEIR BEST INTERST TO ALLOW IT NEED PERMISSION TO BUY & SELL FROM LANDOWNER LIBERTY = CITIZENSHIP OUTSIDERS COULD TRADE BUT HAD TO PAY TAXES INCREASING LEGAL & POLITICAL RIGHTS GIVEN TO TOWN

4 GUILDS – ORGANIZING ECONOMIC ACTIVITY MERCHANT OLIGARCHY BASICALLY RULED THE TOWN MERCHANT GUILDS: KING HENRY II & CHARTER W/ MERCHANTS OF LINCOLN 1157 AS LONG AS KINGS/LORDS SEE RELATIONSHIP AS BENEFICIAL WILL CONTINUE TO GRANT RIGHTS CRAFT GUILDS: REGULATE PRODUCTION; SET STAND- ARDS, TRAINING & CONDUCT; APPRENTICE, JOURNEYMAN, MASTER; MOST MALE ENTREPRENEURIAL SPIRIT BAKER, BUTCHER, TEXTILES

5 LIFE IN THE CITY 1 BIG MARKETPLACE HOUSES WERE ALSO SHOPS MADE OF WOOD & LATER STONE NO CITY PLANNER ALL SOCIO-ECO LEVELS SUMPTUARY LAWS: RULES FOR INHABITANTS MORAL STANDARDS PROPER DRESS, JEWELRY SPENDING RESTRICTIONS STANDARDIZED BUSINESS PRACTICES PROBLEMS: NOT ENOUGH METAL FOR COINS & USURY This elegant 14th century tapestry was designed by Nicolas Bataille to illustrate the vision of the Apocalypse by Saint John in the Biblical Book of Revelation.


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